How much to open a td bank account

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.

TD Bank checking features

TD Bank Beyond Checking Account

Annual Percentage Yield (APY)

0.01% APY

Minimum Deposit Amount

$0

TD Bank Beyond Checking Account

Annual Percentage Yield (APY)

0.01% APY

Minimum Deposit Amount

$0

TD Bank Beyond Checking Account from TD Bank

Deposit Details

Annual Percentage Yield (APY)

0.01% APY

Minimum Deposit Amount

$0

Pros & Cons

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

No opening deposit

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

2 overdraft fee reimbursements per year

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

Waive other TD Bank account monthly fees when you have a Beyond Checking Account

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

No out-of-network ATM fees

Check mark iconA check mark. It indicates a confirmation of your intended interaction.

Reimburses out-of-network ATM fees charged by providers when your balance is at least $2,500

Dash iconA dash. It often indicates an interaction to shrink a section.

$25 monthly service fee

Dash iconA dash. It often indicates an interaction to shrink a section.

$35 overdraft fee

Highlights

• Access to over 1,100 branch locations
• Waive $25 monthly fee with $5,000 in monthly direct deposits, OR $2,500 minimum balance, OR total of $25,000 in all TD Bank accounts
• No opening deposit or minimum account balance
• Interest compounded daily
• FDIC insured

Additional Reading

TD Bank has over 1,100 branches and 2,600 ATMs along the East Coast. It also ranks as one of our top national banks.

You don't need a minimum deposit to open any TD Bank checking account.

TD Bank charges a $35 overdraft fee, up to five times per day. You can link your checking account to a TD savings account for overdraft protection, but there's a $3 fee each time you transfer money to cover an overdraft.

You can speak with a live customer support representative 24/7. Many branch locations are also open seven days per week if you want to speak to someone in person.

The mobile app has received positive reviews, with 4.8 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store.

Your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts.

Is TD Bank trustworthy?

The Better Business Bureau has given TD Bank a A- rating because of government actions against the business. 

The US Bureau of Consumer Financial Protection said TD Bank has been breaking the law by charging customers for its Debit Card Advance service without their permission.

How TD Bank checking accounts compare

We've compared TD Bank checking accounts with accounts at two other big-name banks along the East Coast: Bank of America and Citizens Bank.

Your choice between these three financial institutions may to which state you live in.

Bank of America has branches all along the East Coast except Vermont. TD Bank isn't available in Georgia, and Citizens Bank doesn't have branches in the Southeast or Maine.

If don't have money to open a checking account, you'll favor TD Bank or Citizens Bank instead of Bank of American. Both banks let you open a checking account with no minimum opening deposit. At Bank of America, you'll have to deposit anywhere from $25 to $100. 

You'll also prefer TD Bank to the other institutions if you'd like to get 24/7 customer service. Bank of America customer support is available over the phone on select hours on weekdays and weekends, and Citizens Bank customer service isn't available on Sundays. 

Frequently asked questions

You can open a TD Bank checking account with $0.

To open a bank account, you'll need to provide a US ID and social security number to verify your identity. You can open an account online or at a branch.

Laura Grace Tarpley, CEPF

Personal Finance Reviews Editor

Laura Grace Tarpley (she/her) is a personal finance reviews editor at Insider. She edits articles about mortgage rates, refinance rates, lenders, bank accounts, wealth building, and borrowing and savings tips for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF). She has written about personal finance for six years. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at . See below for some of her work. Today's 30-year mortgage rates Here are the best mortgage lenders right now The pros and cons of paying off your mortgage early The best online high-yield savings accounts Chase checking accounts: Compare all 5 options Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »

Read more Read less

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

**Enrollment required.